KUALA LUMPUR (April 22): RHB Retail Research said Dialog Group Bhd is poised to stage a bullish breakout.

In a trading stocks note on Monday, the research house said that last Friday, the stock charted a bullish candlestick and tested the RM2.40 immediate resistance.

It said since crossing above the 21-day simple moving average line, the stock has been charting a series of “higher high” bullish candlesticks, showing that the bullish momentum is in play.

“A bullish breakout would open the door for the stock to test the next resistance at RM2.55, followed by RM2.70.

“On the other hand, breaching below the RM2.25 support will kick off the correction phase,” it said.